#mostly so we don't completely burn ourselves out over every single anti-trans bills
Explore tagged Tumblr posts
Text
Two minor things I wish were a bit clearer to people about the American political system:
Lawmakers will often propose bills that have no hope of passing in order to make a political statement, appeal to a specific electoral demographic, or appeal to their donors/lobbyists. Just because a super progressive or absurdly fascist bill is proposed does not automatically mean it will leave committee (i.e., will not face a full vote) or even have a hope of passing.
The FDIC is funded entirely by banks themselves. It is insurance, after all. Taxpayers only indirectly fund it by having their money in a bank. The recent "bailouts" of Silicon Valley Bank and the other failures were to cover the deposits of clients not to bail out the bank. Those deposits were more than covered by the large amount of money the FDIC has been able to accumulate over the years. While deposits above $250,000 aren't automatically guaranteed by the FDIC, they can still be covered if the FDIC has the money. It is, once again, insurance after all.
#the first I think a lot of trans people need to recognize#mostly so we don't completely burn ourselves out over every single anti-trans bills#because most won't pass committee!#the second is specifically about the FDIC and its role#I think most people (including me a few weeks ago) don't understand how it works#also the NCUA is the alternative insurance for credit unions that works the same way#also SVB and the other failed banks are actively seeking buyers of their banks#this is not like 2008
4 notes
·
View notes